Consumer Credit

Have Fair Credit And Looking For A Credit Card? Good Luck.

HuffingtonPost.com | Loren Berlin | Posted 04.20.2012

Read More: Bad Credit, Applying Fore Credit Cards, Credit Cards for People With Fair Credit, Credit Card Offers, Fair Credit, Rebuilding Credit, Consumer Credit, Credit Scores, Credit Card, Credit Cards, Good Credit Scores, FICO Scores, Money News

While the economy's fledgling recovery is reviving America's love affair with debt, many credit card companies remain surprisingly cautious in courtin...

Read Whole Story

Banks Tap Reliable Money Maker: Credit Cards

HuffingtonPost.com | Catherine New | Posted 01.20.2012

Read More: Debt, Credit Card Balance, Mastercard, Durbin, Profits, Visa, Consumer Credit, Bank of America, Swipe Fees, Credit Cards, Charge Off, Bank Earnings, Big Banks, Debit Cards, Business News

After being rebuffed in its efforts to charge $5 per month for debit card use, Bank of America is gambling on the optimism of American consumers and g...

Read Whole Story

New Survey Shows Consumers Are Possibly Blind To Economic Realities

Posted 01.13.2012

Read More: Retail Sales, Holiday Shopping, Consumer Confidence, Unemployment, Shopping, U.S. Retail Sales, Spending, Consumer Credit, Federal Reserve, University of Michigan, Credit Cards, Consumer Spending, Business News

Still riding the holiday shopping high, Americans are feeling more optimistic about the economy than they have in almost a year, according to data rel...

Read Whole Story

Americans May Be Getting Back Into A Pre-Recession Habit

AP | MARTIN CRUTSINGER | Posted 03.10.2012

Read More: Video, Credit-Card-Spending, Consumer Borrowing, Consumer Credit December 2011, U.S. Consumer Debt, Consumer Credit, Business News, Deleveraging, Economic Recovery, Recession, Business News

WASHINGTON — Americans are feeling confident enough in the economy to go back to a time-honored tradition – taking on a little extra debt....

Read Whole Story

2011 -- The Year That Wasn't

Harlan Green | Posted 02.26.2012

Read More: Paul Krugman, Construction Spending, Gdp, Unemployment, Pending-Home-Sales, Dodd-Frank Bill, Nonfarm Payrolls, Consumer Credit, Business News

The bottom line is that many difficulties lie ahead, but it doesn't look like congressional gridlock can do much more to limit growth.

Read Post

Consumers Upped Borrowing In October, Signaling A Boost In Confidence

AP | DEREK KRAVITZ | Posted 02.06.2012

Read More: Auto Loans, Video, Consumer Debt, U.S. Consumer Debt, Economic News, Consumer Credit, Consumer Credit October 2011, Business News, Federal Reserve, Credit Card Debt, Student Loan Debt, Business News

WASHINGTON — Americans stepped up their borrowing in October to buy cars and attend college, and they also charged a little more to their credit...

Read Whole Story

Holiday Shopping On Ice For Many Americans

Posted 12.22.2011

Read More: Retail News, Holidays, Hanukkah, Snuggie, Holiday Shopping, Consumer Credit, Christmas, Debt Counseling, Economic Recovery, Credit Card Debt, Auto Sales, Christmas Shopping, Black-Friday, Business News

In an amazing feat of will, some Americans are choosing not to shop at all this holiday season, resisting sales, novelty items--pillow pets!--and adve...

Read Whole Story

Citigroup Mails More Credit Card Offers Than There Are Americans

The Huffington Post | Jillian Berman | Posted 11.21.2011

Read More: Business News, Credit Crisis, Credit Cards, Debit Cards, Consumer Credit, Google Wallet, Citigroup, Video, Business News

Citigroup Inc. is hoping everyone and their mother and then some will sign up for a credit card. The bank mailed 346 million credit card offers in...

Read Whole Story

How Many Pumpkin Lattes Will Warren Buffett Earn for His $5 Billion BofA Investment?

Pamela Yellen | Posted 10.29.2011

Read More: America?S Banks, Bank of America, Corporate Profits, Wall Street, Tax Revenue, Economy, Warren Buffett, What?S Great for the American Consumer Is Bad for Our Nation?S Economy, Job Creation, Consumer Credit, Business News

When banks and other financial institutions can borrow unlimited amounts from Ben Bernake and the Federal Reserve, while paying almost zero interest, they have no business charging consumers over 15% on the money we borrow.

Read Post

No 'Double-Dip,' In Spite of Republican Efforts

Harlan Green | Posted 10.14.2011

Read More: Labor Department JOLTS, Rachel Maddow, Michelle Bachman, Federal Reserve, Double-Dip Recession, The Rachel Maddow Show, Consumer Credit, Jolts, Business News

There will be no double-dip recession, in spite of the wild rumors and S&P downgrade of U.S. debt to AA-plus. So what are the markets worried about?

Read Post

U.S. Consumer Credit Rose By $5 Billion In May

Posted 09.07.2011

Read More: 2008 Financial Crisis, Unemployment, Borrowing Money, Public Debt, Great Recession, Consumer Credit, Loans, Federal Reserve, Ben Bernanke, Credit Cards, Private-Debt, Video, Business News

WASHINGTON (Glenn Somerville) - U.S. consumer credit rose by another $5.08 billion in May, according to a Federal Reserve report on Friday that su...

Read Whole Story

PLASTIC IS BACK: Credit Card Debt Increased For First Time Since '08

The Huffington Post | Lila Shapiro | Posted 05.25.2011

Read More: Economy, Consumer Credit, Business News, Financial Crisis, Economic Recovery, Credit Crisis, Credit Card, Credit Card Debt, Consumer Spending, American Economy, Business News

In December, consumer credit card debt increased for the first time since 2008, according to the Federal Reserve, another strong indication that the A...

Read Whole Story

Slideshow: Top 5 Balance Transfer Offers, Fall 2010

Tim Chen | Posted 05.25.2011

Read More: Slidepollajax, Banks, Balance Transfers, Credit Card Debt, Credit Cards, Consumer Credit, Business News

Here are a few of NerdWallet's best picks for credit cards that will help you cut back on interest payments and buy some breathing room.

Read Post

Credit Reports Only Where Credit Is Due

Rep. Luis Gutierrez | Posted 05.25.2011

Read More: Wall Street Reform, House of Representatives, Credit Crisis, Unite Here, House Financial Services Subcommittee on Consumer Credit, Credit Reports, Legislation, Consumer Credit, Steve Cohen, Rep. Luis Gutierrez, Luis Gutierrez, Chicago News

If credit checks reinforce discrimination, don't accurately measure financial responsibility, and don't dependably predict job performance, why are so many employers using them?

Read Post

Credit Still Tightening, Fed Governor Elizabeth Duke Says

nytimes.com | SEWELL CHAN | Posted 05.25.2011

Read More: Fed Governor, Credit, Bank Lending, Consumer Credit, Elizabeth Duke, Columbus Ohio, Federal Reserve, Credit Markets, Business News

WASHINGTON -- The level of outstanding credit in the American economy continues to fall as strong and weak banks alike pull back on lending, worsening...

Read Whole Story

Consumer Credit Shows A BIG Rise In March

AP | By MARTIN CRUTSINGER | Posted 05.25.2011

Read More: Federal Reserve, Consumer Borrowing, Credit, Consumer Spending, Borrowing, Consumer Credit, Business News

...

Read Whole Story

FTC Takes On Credit Monitoring Services Like Freecreditreport.com

New York Times | RON LIEBER | Posted 05.25.2011

Read More: Experian, Identity Theft, Credit Report, Free Credit Report, Transunion, Free, Ftc, Consumer Protection, Credit Monitoring Services, Consumer Credit, Equifax, Business News

The Federal Trade Commission is not amused. It has long believed that the company that owns freecreditreport.com is deliberately diverting people from...

Read Whole Story

SEE Where Mortgages Are Most Delinquent

Posted 05.25.2011

Read More: Auto Loans, Consumer Credit, Mortgage Defaults, Student Loans, Housing Crisis, Home Foreclosures, New York Federal Reserve Bank, Business News

Where is the mortgage crisis wracking the most damage? These handy maps, courtesy of the New York Fed, track changes in mortgage delinquency rates by ...

Read Whole Story

Creditors Use Social Security, Disability Benefits Loophole

wsj.com | ELLEN E. SCHULTZ | Posted 05.25.2011

Read More: Social Security Administration, Creditors, Social Security, Consumer Credit, Disabilty Benefits, Disability, Business News

A bipartisan group of legislators is pressing the Treasury Department to close a loophole that has allowed banks to seize Social Security and disabili...

Read Whole Story

Has The Great American Shopping Spree Finally Ended?

Newsweek | Robert Samuelson | Posted 05.25.2011

Read More: Consumer Confidence, America Cunsumption, Consumer Habits, Consumer Credit, Business News

Transfixed by turmoil in the financial markets, we may be missing the year's biggest economic story: the end of the Great American Shopping Spree. For...

Read Whole Story